Husky Energy (TSX: HSE), the Materials sector company, was revisited by a Wall Street analyst on October 23. Analyst Dennis Fong from Canaccord Genuity reiterated a Hold rating, with a C$24 price target on October 23.
According to TipRanks.com, Fong is a 3-star analyst with an average return of 1.3% and a 40.7% success rate. Fong covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
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Currently, the analyst consensus on Husky Energy is a Moderate Buy with an average price target of C$24.38, which is a 30.0% upside from current levels. In a report issued on October 9, AltaCorp Captial also reiterated a Hold rating on the stock with a C$22 price target.
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Husky Energy’s market cap is currently C$18.85B and has a P/E ratio of 13.4. The company has a Price to Book ratio of 1.05.
Husky Energy, Inc. is an international integrated energy company. It operates through two segments: Upstream and Downstream.
The company’s shares closed on Wednesday at C$18.75.
